Local Home Sales Soar in March

Local home sales from February to March increased 65.43 percent, according to figures released Monday by the Huntsville Area Association of Realtors.

Home sales last month rose 18.24 percent over sales from March 2009.

The single-family home median price - the figure at which half of the homes sold for more and half sold for less - was $162,900. That was a slight decrease from the previous month (4.12 percent), but was a 1.88 percent increase from March 2009.

"We continue to see signs of a sound recovery in the Huntsville-Madison County real estate market,'' Oscar Gonzales, the CEO of the Huntsville Area Association of Realtors, said in the release. "With home sales rising, prices holding steady and interest rates at an all-time low, the time for buying a home has never been better.''

The number of available properties in March - the active listings - increased by 4.4 percent over February. There were 128 more available properties.

In one month, the average days on the market increased by one day, to 112. That was a 14-day increase over totals from March 2009.